Question 1 Report
Fig. 1 shows a finance decision map prepared by the owner of a dog-grooming business. She needs $9,000 for a wash station and dryers. The business has operated for only six months and has limited retained profit.
(a) Identify the amount of external finance needed in Fig. 1. [1]
(b) Which option allows the business to use dryers without buying them immediately? [1]
(c) Explain one reason why the owner may prefer a loan to leasing the equipment. [2]
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